NIGERIA NEEDS $3 TRILLION INVESTMENT IN 30 YEARS TO CLOSE INFRASTRUCTURE GAP -SPEAKER 22-10-24
By Sadiq Aminu The Speaker House of Representatives, Dr. Tajudeen Abbas, says Nigeria needed to invest $3 trillion over the next 30 years to bridge the gap in infrastructure.
Dr. Tajudeen made this known at the flag-off of the construction of the access road from ring road to Judges’ Quarters in Abuja.
The Speaker represented by the Deputy Speaker, Mr. Benjamin Kalu, said that the infrastructure deficit in the Federal Capital Territory, FCT, is more glaring as the city’s population continued to grow at an annual rate of 5%, thereby putting pressure on the existing facilities.
He pointed out that road network, power supply, housing, healthcare, and education sectors are some of the critical areas in urgent need of attention.
Dr Abbas, however commended the administration of President Bola Ahmed Tinubu for prioritising infrastructure development in Nigeria.
The Speaker assured that the House would give the necessary legislative backing to the FCT administration, strengthen its oversight functions to ensure that the government delivers on its determination to elevate the status of the nation’s capital.
“As the legislature of the FCT, the National Assembly has an important role to play in supporting these development efforts. The 10th National Assembly, which I am privileged to lead, is fully committed to collaborating with the Executive to ensure that the FCT receives the necessary legislative backing to facilitate infrastructure development. We are ready to consider and pass laws that will further enhance the governance structure of the FCT and approve appropriations that will make meaningful infrastructure projects, such as this road construction, a reality.
“Additionally, the National Assembly will continue to exercise its oversight functions to ensure that projects are implemented according to standards and within stipulated time frames”.
The Speaker commended the Minister of the FCT, Nyesom Wike for his transformative leadership since assumption of office.